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Brookfield Renewable Partners (BEP) Receives a Buy from Morgan Stanley

Tipranks - Wed Jul 22, 5:42PM CDT

In a report released today, Robert Kad from Morgan Stanley maintained a Buy rating on Brookfield Renewable Partners, with a price target of $42.00.

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Kad covers the Energy sector, focusing on stocks such as Williams Co, Targa Resources, and World Kinect. According to TipRanks, Kad has an average return of 7.8% and a 59.29% success rate on recommended stocks.

In addition to Morgan Stanley, Brookfield Renewable Partners also received a Buy from CIBC’s Mark Jarvi in a report issued on July 17. However, today, J.P. Morgan downgraded Brookfield Renewable Partners (NYSE: BEP) to a Hold.

Based on Brookfield Renewable Partners’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$1.52 billion and a GAAP net loss of C$113.41 million. In comparison, last year the company earned a revenue of C$1.58 billion and had a GAAP net loss of C$93 million

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